MANAGMNT 260 Lecture 24: Wednesday 12716
23 Jan 2017
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Two peerless that one party doesn"t know, one leaves sooner than the other. Cotton doesn"t come, they want to get out of the contract. Allowed to get out of the contract because there is a mutual mistake of fact. Mistakes about value do not get you out of the contract, even if they are mutual mistakes. It has to be a mutual mistake of fact. Unilateral mistake does not get you out of the contract. If someone is hanging you out of the window by your ankles and you agree to a contract, you are not held to the contract because you were held under duress. There person who is trying to enter you into the contract needs to have cause for duress. Economic duress is also a possibility to make a contract unenforceable. Husband took all of the money from the bank accounts and didn"t give access to bank or house. Took control of everything she needed to live.
